### Global Payments Inc. Announces Second Quarter 2024 Financial Results

### Global Payments Inc. Announces Second Quarter 2024 Financial Results Global Payments Inc. (NYSE:GPN) today announced its financial results for the second quarter ended June 30, 2024. #### Key Financial Metrics | Metric | Q2 2024 | Q2 2023 | YOY Change | Consensus Estimate | Variance with Consensus | |----------------------|-------------|-------------|------------|---------------------|------------------------| | Revenue (GAAP) | $2.57B | $2.45B | +5% | $2.32B | +$0.25B (+10.78%) | | Net Revenue (Adjusted)| $2.32B | $2.20B | +6% | $2.32B | In-line | | EPS (GAAP) | $1.47 | $1.05 | +40% | Not Provided | Not Applicable | | EPS (Adjusted) | $2.93 | $2.62 | +12% | $2.90 | +$0.03 (+1.03%) | Global Payments showed solid financial performance in Q2 2024, with GAAP revenue increasing by 5% year-over-year to $2.57 billion, well above the consensus estimate of $2.32 billion. Adjusted net revenue was in line with expectations at $2.32 billion, showing a 6% increase YOY. Adjusted EPS rose by 12% to $2.93, slightly exceeding the consensus estimate. #### Revenue Performance by Segment No detailed breakdown of revenue performance across segments was provided in the earnings release. #### Key Operational Data No specific operational data were provided in the earnings release. #### Executive Comments Cameron Bready, CEO of Global Payments, expressed satisfaction with the company's execution and newly won projects, including a new deal with Diamond Baseball Holdings and partnerships with UK football clubs. CFO Josh Whipple reaffirmed the company's financial outlook and highlighted the likely impact of a tempered economic environment in the latter half of 2024. #### Dividends and Share Repurchase Program The Board of Directors approved a dividend of $0.25 per share, payable on September 27, 2024, to shareholders of record as of September 13, 2024. #### Forward Guidance Global Payments reaffirmed its 2024 outlook, expecting adjusted net revenue to range between $9.17 billion and $9.30 billion and adjusted EPS to range between $11.54 and $11.70. The company also projected an annual adjusted operating margin expansion of up to 50 basis points. #### Stock Price Movement Following the earnings release, Global Payments' stock saw a positive movement with a 3.74% increase. ### Conclusion Global Payments Inc. posted strong second-quarter 2024 results, marked by significant growth in revenue and EPS, while also securing important new partnerships. The reaffirmed outlook and solid dividend policy underscore management’s confidence in sustaining future growth. For more detailed information, including multimedia features, visit the full press release [here](https://www.businesswire.com/news/home/20240807386498/en/).